Home sales were solid in July matching last year’s sold properties for July with a zero gain or loss according to the Housing Trends by the Iowa Association of REALTORS® (IAR). New properties on the market were 9.4 percent higher than July of 2018.
4,356 homes sold in July matched July of last year. The median sales price of $175,000 climbed slightly higher. It was 2.3 percent higher than July 2018.
The number of days on the market rose only 3 days from 52 in July 2018 to 55 in July of 2019.
“July was a good month across the state for real estate activity. This was the most properties for sale in over two years. This bodes very well for home buyers across the state. With low interest rates and motivated sellers, this is a great time to buy a home! Contact a local Realtor for a market analysis of your community,” state IAR President John Goede.
The 15,379 properties on the market is the highest number in years.
To view detailed statewide stats or to view by county, please visit our Housing Stats web page.
The information used to create the IAR July Housing Trends Report was current as of August 15. The information is subject to change due to the dynamic nature of the IAR’s housing statistics system, which is based on data from the local participating MLS (multiple listing service) systems.
The term Realtor® is a registered trademark, which identifies real estate professionals who follow a strict Code of Ethics as members of the National Association of REALTORS®.
The Iowa Association of Realtors® is the state’s largest real estate professional organization representing over 7,200 members and affiliates. The IAR releases a Housing Trends Report each month.
For more information, please contact Mark Gavin, Director of Communications at the Iowa Association of REALTORS® - mark@iowarealtors.com or 515-309-9345.